Ryland Group (RYL) 11/6/09 PriceWatch Alert Support At Around $18.82

Posted: Friday, November 06, 2009 8:39 AM EDT

Ryland Group (NYSE: RYL) closed yesterday at $19.58. So far the stock has hit a 52-week low of $9.95 and 52-week high of $24.94. Ryland Group stock has been showing support around 18.82 and resistance in the 20.66 range. Technical indicators for the stock are Bearish and S&P gives RYL a neutral 3 STAR (out of 5) hold rating. RYL appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 15 covered call (RGV DC) for a net debit in the $13.68 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 30.13% downside protection and a 9.65% assigned return rate for a 21.74% annualized return rate (comparison purposes only). Ryland Group has a current annual dividend yield of 0.62%. [FBB-Seven Summits Research]

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